Staff Writer
Investcorp, the Bahrain-based alternative investment firm, has acquired a majority stake in Smart Managed Solutions, a mechanical and electrical facilities management firm in the UK.
Details of the stake sale and the financial terms have not been disclosed.
London-based Smart is a provider of critical M&E maintenance services, including HVAC, electrical, fire, water and gas systems.
Following the stake sale, Investcorp has said Smart will follow a targeted M&A strategy to expand into new end-markets and regions across the UK.
(Writing by Bindu Rai, editing by Seban Scaria)
bindu.rai@lseg.com
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